Page Summary
In this guide, we discuss the best crypto exchanges in Peru. We have tested and tried 133 crypto exchanges in 8 distinct categories. We analyzed all criteria of their service, including crypto trading costs, trading platforms availability, mobile apps, deposits & withdrawals, portfolios, support, trading volume, and liquidity.
Digital trading platforms that got the highest score are in the following list:
Top 6 Crypto Exchanges In Peru
- Binance – is the best crypto exchange in Peru. Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Cex IO – finished up second as the best crypto trading platform. Best automated crypto trading tools. Great assets coverage and crypto margin trading.
- Coinbase – comes up in the third spot. Great trading platform and low fees.
- Bittrex – offers competitive trading fees in Peru. Versatile portfolio and secure trading platforms.
- Coinmama – offers high-security standards. Excellent platform with an intuitive interface.
- Cash App – finishes our list at six. Best toolset for beginners. Easy to use Bitcoin trading platform.
Best Crypto Exchanges In Peru – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | Binance | 4.3 | Best Altcoin Portfolio | 0.1% /0.1% | $806,899,070 |
| #2 | CEX IO | 4.6 | Most asset classes | 0.16%/0.26% | $53,964,331 |
| #3 | Coinbase | 4.4 | Best crypto trading platform | 1.99%/1.99% | $451,706,550 |
| #4 | Bittrex | 4.7 | Best Trading Fees | 0.16%/0.1% | $23,118,221 |
| #5 | Coinmama | 2 | Best Security Standards | 0.01%/0.00% | $808,571 |
| #6 | Cash App | 4.7 | Best For Beginners | 1.8%/2.75% | $68,571 |
This section below breaks down Peru’s best crypto trading platforms, beginning with the best-rated – Binance.
1. Binance – Best Peruvian Crypto Exchange Overall
Binance takes the first spot as the best platform to buy cryptocurrency in Peru. High-volume crypto traders will appreciate the high spot trading volumes, a wide range of available coins, low fee structure, and advanced trading tools and order types.
Binance has premium account features, including staking rewards and OTC trading. Traders earn from 1-10% for holding different assets over time. We recommend this crypto exchange for advanced crypto traders who want to trade with lower trading fees and invest in less popular altcoins. We do not recommend Binance for beginner traders.
Pros
- The best daily trading volume for both spot Crypto trading and for Crypto derivatives
- The best choice of different assets to trade
- Great choice of saving and stalking options
- Very competitive trading fees
- Very good trading platform with lots of advanced features
- Easy sign-up process
- Very good choice for mobile trading
- Great deposit and withdrawal options
Cons
- Exchange has been hacked in the past
- Considerable withdrawal fees
- Customer support is sometimes hard to
Key features
- Spot and derivative crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Savings, staking, crypto loans, Binance smart pool
- Binance liquid swap
- Binance Visa Card
2. Cex.io – Best Cryptocurrency Exchange
CEX IO is in second place among the top 6 crypto exchanges for Peruvian citizens. With more than 90 different crypto asset classes, its advanced trading tools, cross-platform trading, and availability in all MENA countries, it is a great fit for advanced traders.
Cex.io has high trading fees for debit/credit card transactions. Deposits are charged with a 2.99% fee, while withdrawals have a fee of 3%.
All traders receive staking rewards and access to a reliable mobile app enabling them to buy and sell cryptocurrency quickly and inexpensively.
Pros
- Regulated and licensed
- Very good deposit and withdrawal options
- Very good customer support
- Great choice for mobile trading
- Very good Crypto wallet
Cons
- Low security ratings, being hacked previously
- Low trading volumes
- Limited educational content
Key features
- Spot and derivative crypto trading
- Automated trading available
- Provides opportunity to earn cryptos (staking, saving)
- Crypto backed loans are available
- CEX.IO credit card
3. Coinbase – Best Platform For Cryptocurrencies
Coinbase comes in third place as the best exchange for crypto beginners. Their trading platform offers access to over 100 crypto assets, fast trade execution, rewards on trading, and a beginner’s friendly interface. Trading fees are above the industry average.
Coinbase Pro is available for professionals with access to a lower fee structure and advanced tools, including stop-loss orders, advanced charting, and indicators. Users will not find an option to trade futures or to trade on margin accounts.
Customer support is below the industry average.
Pros
- Strong selection of supported digital currencies
- Great trading volume
- Easy to use trading platform
- Great security standards
- Very good deposit and withdrawal options
- Great option for mobile trading
Cons
- No margin trading (Crypto derivatives)
- Customer service is sometimes hard to reach
- Fees are higher than average
- Your account can be closed depending where you send your cryptos
Key features
- Spot crypto trading
- Opportunity to earn cryptocurrencies through crypto learn
- Saving, staking, crypto borrow
- Coinbase Visa Card
- Built their own stable coin (USDC)
4. Bittrex – Best Trading Fees in Peru
Bittrex is a secure, centralized crypto exchange. It has a daily trading volume of $300 million. Bittrex has an impressive reputation because of its premium safety measures. It is a crypto-to-crypto exchange for UAE traders at all levels.
This exchange offers digital wallet services, advanced security, and automated trading. Bittrex has a proprietary platform available on Android and iOS devices. The app has a user-friendly interface, but it might be challenging for beginners. Bittrex offers limited educational resources. It is a good fit for active traders and high-net-worth UAE clients.
Pros
- Great choice of trading instruments
- Very good trading platform
- Very good security standards
- Good choice of deposit and withdrawal methods
- Very good mobile trading platform
- Easy signup process
Cons
- No margin trading (Crypto derivatives)
- Being hacked previously
- Limited customer support
- Trading fees are higher than average
- Lacking some advanced features (savings, staking …)
Key features
- Spot Crypto trading
- Trading platform integrated with tradingview; automated trading available
5. Coinmama – Best Security Standards For Crypto Trading
Coinmama is a reputable crypto exchange, great for investors looking for high-security standards, simplicity, and a great user experience. Their trading platform is simple, easy to use, and allows users to buy and sell cryptocurrencies. Experienced traders and investors will miss advanced trading features, e-wallets, and other financial products. Trading fees are above industry average compared to other exchanges.
Pros
- Well regulated and licensed
- Easy to use trading platform
- Very good choice of deposit and withdrawal methods
- Good mobile application
- High levels of security
- Very good crypto wallet
Cons
- Limited number of crypto trading instruments
- Margin trading is not available
- Higher trading fees
- Not convenient for active traders
- No phone customer support
- Lacking some advanced features (savings, staking… )
Key features
- Spot crypto exchange for crypto investors (not traders)
- It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
6. Cash App – Best Crypto Trading App
Cash App is a great pick for Peruvian crypto enthusiasts who want to buy Bitcoin on an easy-to-use crypto platform. Cash App is a peer-to-peer money transfer system offering a flexible solution to withdraw funds to main crypto wallets and also buy and sell cryptocurrency at the same time.
Cash App offers access to the most traded cryptocurrency assets, including Bitcoin, Ethereum, Ripple NFTs, Shiba Inu, and most Altcoins. Their crypto trading app is interactive, easy to use, and beginner-friendly. Trading costs are average, and you can expect additional fees. Advanced trading features like different order types, limit orders, standing orders, crypto staking, margin trading, and storage options are missing.
Cash App lets users directly deposit money into their bank account and use tax filling tools.
Pros
- Easy to use, beginner freindly
- High security standards
- Simple sign-up process
- Instant payments
Cons
- Bitcoin is only crypto available
- Bitcoin trading fees are above industry average
- Not suitable for advanced Crypto traders
- This cannot be considered as an crypto exchange rather than application to buy bitcoin
Key features
- This is not an classical Crypto exchange rather an application form making payments and for investing in bitcoin and stocks
- Paying service
- Investing in stocks
- Credit card
How To Pick a Crypto Exchange?
The main factors to use when searching for an exchange include costs, platforms, mobile apps, deposits & withdrawals, assets, support, liquidity, and safety.
Fees: Avoid providers that charge hidden fees, high fees on trades, and overnight commissions.
Trading platforms: Select intuitive, straightforward, and fast executing platforms.
Mobile Trading: Mobile trading apps must provide the same functionality and trading tools as their web versions.
Deposit & Withdrawal: Choose an exchange that offers your preferred deposit and withdrawal options with low or no fees.
Assets: Choose an exchange with the best coverage of asset classes. It is best to avoid exchanges that do not have in their portfolios popular altcoins.
Customer support: Inexperienced crypto enthusiasts should choose reliable and knowledgeable customer service available in their language.
Liquidity: High liquidity and trading volumes ensure that you will sell your crypto assets with attractive gains.
Security: Focus on regulated exchanges offering proof of funds and penetration tests. Exchanges with a clean history record of hack attacks and excellent reputation should be prioritized. Always check security features with the crypto exchange security rating agency (CER.live)
*Safety Risks For Peruvian Citizens
A trustworthy cryptocurrency exchange for Peruvian citizens is government-regulated and has a trading license. Larger exchanges have a banking history.
Regulation Of Cryptocurrency Exchanges in Peru
The government in Peru underlines that there is no supervision offered by the Securities Market Agency (SMV) or the Peruvian Central Reserve Bank (BCRP) for cryptocurrency exchanges and transactions. There is a draft law for crypto trading regulation introduced back in 2021. The law underlines the need for cryptocurrency providers to request licensing and submit the necessary information to register.
Is Cryptocurrency trading legal in Peru?
It depends on the provider you choose. The regulation in Peru is unclear, but the BCRP states that cryptocurrencies are not legal tender. Central banks do not support crypto coins, and they do not meet the functions of fiat currency.
How to Start Trading With – Binance
Binance is a leading global exchange with professional crypto trading platforms and a secure app. It has a comprehensive portfolio and offers rewards depending on the coins you hold in your account. The steps you have to follow to trade with Binance are below:
Step 1: Access the Binance main website
Go to the Binance website under this link here – https://www.binance.com/en.
Step 2: Click on “Register”
Look for the “Register” button and click on it. Binance has many methods to open a new account, including an email or phone number sign-up.
Step 3: Verify your Binance account
Binance follows strict rules and requests all account holders to verify their accounts. To pass account verification, you’ll have to upload a copy of your official ID and personal data.
Step 4: Buy crypto coins with Binance
You don’t need to buy the whole crypto-coin to own it. You can start by buying, selling, or holding fractions of a coin.
Conclusion
We recommend Binance as the best Peruvian Crypto exchange. They offer excellent exchange services at the same time, along with advanced copy trading tools, a user-friendly platform, and access to many popular coins. CEX IO comes in second based on its overall low fees and tradable assets.
FAQ
What Is A Centralized Cryptocurrency Exchange?
A centralized exchange refers to a private business or provider that offers a crypto trading platform. These exchanges follow the rules of a regulatory body and request identification known as the Know Your Customer rule. Leading centralized exchanges are Kraken, Binance, and Coinbase.
What Is A Decentralized Cryptocurrency Exchange?
A decentralized exchange does not have a central point of control. It doesn’t follow the rules of a regulatory body and comes with risks. This exchange works as a server and has each device within the network located in different areas of the world. If one device malfunctions, it doesn’t cause problems within the network. If you choose this digital exchange, you should understand its risks.
How To Buy Cryptocurrency Through an Exchange?
If you want to buy crypto coins through an exchange, the best approach is to choose a centralized exchange. This type of exchange lets users deposit funds in fiat currency from a bank account or a credit/debit card. Centralized exchanges provide services for swapping fiat currency into digital assets.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.